Paul recently met for 90-minutes with Jack Bogle, founder of the Vanguard Family of Funds. Paul reflects on the main topics of the meeting, including what research Jack trusts, why he limits his recommendations to U.S. large cap companies, why the S&P 500 fund offering was almost cancelled, how much luck had to do with his success, why so many people happily under-perform the S&P 500, why he doesn’t think adding extra small cap value is a mistake for most investors, and how Vanguard and DFA clients differ.
Focusing on the differences between Vanguard and Dimensional Fund Advisors (DFA) funds, this podcast compares the Vanguard Emerging Markets Fund with four different emerging market funds at DFA. There is no secret to the advantages at DFA but it does take some analysis to understand the way their portfolios are constructed.
Do active fund managers really make more money for their clients? Paul provides historical examples and suggests Indexes and asset classes that can provide you higher, safer returns.